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Banks pressure Maof players for increased collateral

In light of recent Tel Aviv market fluctuations

Banks are once again taking a closer look at the type of collateral posted by Maof players, following new directives from the Supervisor of banks, Ma'ariv reports.

The inspections are partly due to the recent market fluctuations.

The management of Union Bank of Israel is the first to conduct the inspections. In the last few days the bank has reviewed the credit portfolios of all the Maof players.

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